Mackenzie Investments announced 10 fund mergers to simplify its product shelf.
Nine of the proposed mergers and both of the proposed investment objectives changes are subject to investor approval. The firm said on Thursday it’s proposing to change the investment objectives of its Mackenzie Global Concentrated Equity Fund to reflect a rules-based investment approach and diversified portfolio with balanced exposures across sectors, industries and risk factors.
Rick Weed, senior vice-president and portfolio manager, will be named lead portfolio manager of the fund, subject to approval of the change.
The proposed changes are listed below.
Existing fund (terminating fund) | To be merged into (continuing fund) |
Mackenzie Global Diversified Balanced Fund | Mackenzie Global Strategic Income Fund |
Mackenzie Global Asset Strategy Fund | Mackenzie Global Strategic Income Fund |
Mackenzie Real Return Bond Fund | Mackenzie Canadian Bond Fund |
Mackenzie Global Bond Fund | Mackenzie Global Tactical Bond Fund |
Mackenzie All Cap Dividend Class | Mackenzie Canadian All Cap Dividend Class |
Mackenzie Canadian Concentrated Equity Fund | Mackenzie Canadian Growth Fund |
Mackenzie Diversified Equity Fund | Mackenzie Global Dividend Fund |
Mackenzie Global Diversified Equity Class | Mackenzie Global Dividend Fund |
Mackenzie Global Concentrated Equity Class | Mackenzie Global Concentrated Equity Fund |
Mackenzie USD Convertible Securities Fund | Mackenzie USD Global Tactical Bond Fund |